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Business
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Economy
5/27/2023 5:00:56 PM
Governor of the Central Bank of Egypt (CBE) Hassan Abdallah urged on Friday the African Development Bank (AfDB) to increase its lending to member states on concessional terms.
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Business
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Economy
5/17/2023 11:17:52 PM
The Central Bank of Egypt (CBE) has hired the UK's Barclays Corporate and Investment Bank (Barclays CIB) as the international financial adviser for the sale of its 99 percent stake in the state-owned United Bank, according to a statement by the CBE on Wednesday.
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Business
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Economy
4/4/2023 12:10:38 AM
Prices of gold in Egypt dropped by around 3.18 percent on Monday after new high-yield certificates of deposit (CDs) issued by the National Bank of Egypt (NBE) and Banque Misr collected EGP 67 billion ($2.16 billion) in proceeds on the first day of issuance.
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Business
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Economy
2/1/2023 2:12:56 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is scheduled to convene on Thursday, the first meeting in 2023, to review the key interest rates in light of the recent updates in the country’s macroeconomy.
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Business
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Economy
1/30/2023 12:25:01 PM
Egypt's Ministry of Agriculture and Land Reclamation, in cooperation with the Central Bank of Egypt (CBE), has secured over the past week the release from ports of 135,000 tons of corn and soy fodder with an estimated value of $91 million.
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Opinion
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Opinion
1/11/2023 4:25:00 PM
There is no doubt that the Egyptian economy is going through some challenging times.
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Business
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Economy
12/29/2022 10:00:00 PM
The Central Bank of Egypt (CBE) annonced in a statement on Thursday that it has ended the use of the system requiring importers to obtain letters of credit (LCs) for their purchases and returned to the cash-against-documents system for importing goods.
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Business
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Economy
12/22/2022 9:10:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has raised on Thursday the interest rates by three percent (300 bps), thus exceeding expectations.
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Al-Ahram Weekly
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Egypt
11/8/2022 10:50:01 PM
The Central Bank of Egypt is gradually meeting demands by the country’s importers for more hard currency, reports Safeya Mounir
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Business
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Economy
8/13/2022 4:10:37 PM
The foreign exchange gap in Egypt is closing, as the dollar gap decreased from $3.9 billion last February to $400 million in July thanks to the decisions of the Central Bank of Egypt (CBE) to regulate imports, said First Deputy Governor of the CBE Gamal Negm.
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Business
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Economy
8/4/2022 10:22:33 PM
Egypt enjoyed a significant increase in revenue from tourism and transport receipts as well as a modest increase from workers’ remittances through the third quarter of the previous fiscal year, according to data released by the Central Bank of Egypt (CBE) on Thursday.
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Business
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Economy
8/4/2022 6:53:31 PM
The performance of the balance of payments (BOP) is stable during the nine months from July 2021 to March 2022, the Central Bank of Egypt (CBE) has announced.
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Al-Ahram Weekly
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Economy
5/30/2022 1:17:00 PM
Egypt’s central bank has opted to increase interest rates for the second time this year.
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Business
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Economy
5/6/2022 9:43:42 PM
With the US Federal Reserve (Fed) deciding to increase its interest rate by a rare half-percentage-point — the largest increase in two decades — in an effort to reduce burgeoning inflation that is running at a four-decade high, major economic impacts are looming for countries worldwide, especially emerging markets like Egypt.
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Business
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Economy
12/23/2021 11:04:13 PM
The Central Bank of Egypt (CBE) announced the extension until the end of June 2022 of its facilities adopted to mitigate the severe repercussions of COVID-19.
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Business
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Economy
12/16/2021 9:52:48 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) on Thursday kept the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25 percent and 8.75 percent, respectively.
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Business
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Economy
12/14/2021 7:02:46 PM
The Central Bank of Egypt (CBE) has approved an incentive package to support small and medium-sized enterprises (SMEs) against the economic impacts of the COVID-19 pandemic, the CBE announced on Tuesday.
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Business
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Economy
11/17/2021 2:48:33 PM
The Central Bank of Egypt (CBE) decided that two seats in each of Egypt's bank boards will be reserved for women, CBE Governor Tarek Amer told MENA, the state-owned news agency, on Wednesday.
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Business
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Tech
11/8/2021 1:03:07 PM
The Central Bank of Egypt (CBE) approved the regulations that govern the instant payment network (IPN) services in the domestic market, the bank announced on Sunday.
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Business
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Tech
9/26/2021 6:23:39 PM
The Central Bank of Egypt (CBE) announced on Sunday that it has approved the issuance of licenses for smartphone contactless payments.
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